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Early Europe demand allowed rate to.....>

EURO-DOLLAR
MNI (London)
EURO-DOLLAR: Early Europe demand allowed rate to extend recovery to $1.1097 but
earlier reported resistance toward $1.1100 able to provide a decent counter. As
noted earlier, option expiries of note today include E1.26bln at $1.1100.
Overall a slow start to, what has the potential to be, a busy week. Month-end
models suggest USD sales to be seen vs EUR and GBP.  
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com

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